Atlantic Capital Partners Facilitates $17.5M Sale Of Sharon Greens Shopping Center In Cumming, GA
1595 Peachtree Parkway Cumming, Georgia 30041, USA
$17,500,000
$178/SF
Building Size
98,301 SF
Asset Type
Retail
Closing
Aug 15, 2023
AI
Atlantic Capital Partners has facilitated the $17.5 million sale of Sharon Greens, a Kroger-anchored shopping center situated in Cumming, a northern Atlanta suburb. The property, located at 1595 Peachtree Pkwy, is a retail asset spanning 98,301 square feet. The sale price equates to approximately $178 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $17,500,000
- Address: 1595 Peachtree Pkwy
- Market: Cumming, GA
- BROKERS: Chris Peterson, Danielle Donovan, Justin Smith, Sam Koonce & Fred Victor - Atlantic Retail
Chris Peterson, Danielle Donovan, Justin Smith, Sam Koonce, and Fred Victor, all from Atlantic Retail, played instrumental roles in the successful sale of Sharon Greens. Their expertise and negotiation skills ensured the smooth completion of the transaction. It is worth noting that Sharon Greens is located in Cumming, a desirable suburb in the northern Atlanta area.
Players
Cumming Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93